Eric Levenstein

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Director

Location: Johannesburg

Tel: +27 11 535 8237

Fax: +27 11 535 8737

Email: elevenstein@werksmans.com

ABOUT

Director Eric Levenstein is Head of Insolvency, Business Rescue & Restructuring. He specialises in litigation and dispute resolution with a particular focus on banking and finance; forensics and intellectual property – in addition to business rescue, insolvency and restructuring. Eric’s expertise extends to consumer protection and director liability issues. He is a member of the association of Insolvency Practitioners of South Africa (AIPSA) and of INSOL, a worldwide group of insolvency practitioners and attorneys. Eric is named as a recommended lawyer in restructuring and insolvency by PLC Which Lawyer and holds a Doctorate of Law in Business Rescue.

  • Dispute Resolution
  • Insolvency, Business Rescue & Restructuring
  • Intellectual Property
  • Media, Communications & Technology
  • Insolvency, Business Rescue & Restructuring
  • Corporate Recovery of Debt
  • Dispute Resolution
  • Intellectual Property
  • Technology
  • Represented a large group of foreign creditors (Noteholders) in the business rescue proceedings of Southgold Exploration (Pty) Limited
  • Advised a consortium of international lenders (UK) in connection with finance and restructuring advice of Lonmin (mining) and Edcon (retail)
  • Advised on the insolvency of Nortel Networks (UK) in respect of its South African subsidiary
  • Advised Nedbank, a major creditor of Stuttafords (retail) in the course of its business rescue proceedings
  • Advising Directors, Shareholders, Creditors and Business Rescue Practitioners on their rights in Business Rescue proceedings
  • Advising foreign and local clients in respect of the effect that the Business Rescue legislation will have on securities held by such clients in companies filing for Business Rescue proceedings
  •   Represented a major foreign conglomerate in the IT Industry in respect of major litigation in the South African Court
  • Represented various shareholders and directors in respect of disputes involving corporate governance and liability issues
  • Advising numerous clients as to the impact of the insolvent trading provisions of the new Companies Act on the personal liability of directors
  • BCom (University of KwaZulu Natal)
  • LLB ( University of the Witwatersrand)
  • Higher Diploma in Company Law (University of the Witwatersrand)
  • Higher Diploma in Tax ( University of the Witwatersrand)
  • Diploma in Insolvency Law (University of Johannesburg)
  • LLD - Doctorate of Laws (University of Pretoria)
  • 1993: Director, Werksmans
  • Head of the Insolvency, Business Rescue & Restructuring Practice Area
  • National Board member of The South African Restructuring and Insolvency Practitioners Association (SARIPA)
  • Member of SARIPA's Restructuring & Business Rescue and Government Liaison Committees
  • Member of INSOL International – a worldwide group of Insolvency Practitioners (INSOL). Eric has been appointed Chairman of the INSOL Small Practice Membership Issues Committee (June 2017 – June 2019). The appointment is for a period of two years and which will be for the period June 2017 to June 2019.  The committee consists of a working group of lawyers, accountants and insolvency practitioners with a focus on cutting edge issues involving insolvency, rescue and liquidation issues affecting insolvency issues worldwide. Eric was appointed as SARIPA"s representative on the INSOL International main board (October 2018 – October 2021).
    • Recognised in international rating publications as a:
      • leading lawyer in Restructuring / Insolvency by Chambers Global: The World's Leading Lawyers for Business (2017 / 2018 – Band 1)
      • leading insolvency and restructuring lawyer by Who's Who Legal – Insolvency and Restructuring (2014, 2016 - 2019)
      • highly recommended lawyer in Dispute Resolution (Business Rescue) by the Legal500 (2012 – 2018)
      • recommended lawyer in restructuring and insolvency by PLC Which Lawyer (2013)
  • Has given numerous presentations on insolvency, business rescue and directors liability
  • Regular contributor to the media on the effect of Business Rescue on companies and creditors, insolvency and directors' liability
  • Author of South African Business Rescue Procedure (published in October 2017 by Lexis Nexis).